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AI- 5262   3. R.    
Commissioners Court - Regular
Meeting Date: 04/30/2014  
Port Aransas ISD Offer to buy 203 Church Street Property
Submitted By: Tyner Little, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION

Approve Tax Deed and highest minimum bid to date by Port Aransas Independent School District to purchase Nueces County's interest in Tax resale property described as Lot 5, Block 2, Survey #9, Mustang Island Surveys- located at 203 Church Street, Port Aransas, Texas.

BACKGROUND
The request letter provides for an offer of $5,269,67 representing 75% of total taxes, penalty, and interest owed to the County. A resolution was approved by the Port Aransas City Council on April 17, 2014 accepting the complementary offer made to the City.  There was discovered additional court costs of $1,057.50 also outstanding on this property. Port Aransas ISD will be paying all of these closing costs associated with this property.
DISCUSSION

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
Request Letter from Port A ISD
Bid Analysis Sheet

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